Europe delivered some 500,000 tons of naphtha to Asia in the first week of August, that shrivelled. The second week of August saw a surge in Asian naphtha cracks to near 6 month highs on reduction in regular supplies from Europe as flows ended due to refinery run cuts and to meet Western demand for gasoline and petrochemical production, coupled with limited exports from India.
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Friday, September 04, 2009
Increasing supplies from the Middle East could impact naphtha price uptrend
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